American Integrity Insurance Group, Inc. (NYSE:AII) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of American Integrity Insurance Group, Inc. (NYSE:AII) have been assigned an average rating of “Moderate Buy” from the nine research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $27.60.

Several equities research analysts have recently commented on AII shares. Citigroup restated a “market outperform” rating on shares of American Integrity Insurance Group in a research note on Friday, January 16th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of American Integrity Insurance Group in a research note on Wednesday, January 21st. Raymond James Financial set a $28.00 price objective on American Integrity Insurance Group in a research note on Friday, January 16th. Citizens Jmp lifted their price target on shares of American Integrity Insurance Group from $26.00 to $28.00 and gave the company a “market outperform” rating in a report on Monday, November 17th. Finally, Keefe, Bruyette & Woods upped their price target on shares of American Integrity Insurance Group from $26.00 to $29.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 18th.

Insider Buying and Selling at American Integrity Insurance Group

In related news, Director Steven E. Smathers sold 171,800 shares of American Integrity Insurance Group stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $19.00, for a total transaction of $3,264,200.00. Following the sale, the director owned 173,414 shares of the company’s stock, valued at approximately $3,294,866. This trade represents a 49.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder James E. Sowell sold 295,037 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $19.00, for a total value of $5,605,703.00. Following the completion of the transaction, the insider owned 4,473,824 shares of the company’s stock, valued at $85,002,656. The trade was a 6.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,354,591 shares of company stock valued at $63,737,229 over the last ninety days.

Hedge Funds Weigh In On American Integrity Insurance Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Franklin Resources Inc. raised its holdings in shares of American Integrity Insurance Group by 1,840.0% during the 3rd quarter. Franklin Resources Inc. now owns 2,988,329 shares of the company’s stock worth $66,670,000 after acquiring an additional 2,834,289 shares in the last quarter. Boston Partners lifted its position in American Integrity Insurance Group by 9.3% during the fourth quarter. Boston Partners now owns 1,191,145 shares of the company’s stock valued at $24,809,000 after purchasing an additional 101,365 shares during the last quarter. Wasatch Advisors LP increased its holdings in shares of American Integrity Insurance Group by 3.8% in the 3rd quarter. Wasatch Advisors LP now owns 907,338 shares of the company’s stock worth $20,243,000 after buying an additional 33,344 shares during the last quarter. Mink Brook Asset Management LLC raised its position in shares of American Integrity Insurance Group by 35.5% during the 4th quarter. Mink Brook Asset Management LLC now owns 648,405 shares of the company’s stock valued at $13,506,000 after buying an additional 169,932 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in shares of American Integrity Insurance Group in the 2nd quarter valued at about $10,409,000.

American Integrity Insurance Group Stock Down 0.7%

Shares of NYSE:AII opened at $17.83 on Friday. The stock has a market capitalization of $349.15 million and a PE ratio of 3.96. The firm’s 50 day moving average price is $19.48 and its 200-day moving average price is $20.62. American Integrity Insurance Group has a twelve month low of $15.77 and a twelve month high of $26.36.

American Integrity Insurance Group (NYSE:AII) last announced its earnings results on Wednesday, November 12th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.10. The business had revenue of $62.03 million during the quarter. American Integrity Insurance Group had a net margin of 31.63% and a return on equity of 37.99%.

American Integrity Insurance Group Company Profile

American Integrity Insurance Group, Ltd. is a specialized provider of personal lines residential property insurance based in Jacksonville Beach, Florida. The company underwrites a variety of policies including homeowners multiple peril, condominium unitowners, dwelling fire, wind-only, personal umbrella and renters insurance. Its product suite is designed to protect against hurricane, windstorm, hail and other weather-related risks common to Florida’s coastal and inland regions.

Founded in 2004, American Integrity operates primarily through a network of independent insurance agents across the state of Florida.